PHOTRONICS INCPLABEarnings & Financial Report
Photronics, Inc. is an American semiconductor photomask manufacturer. It was the third largest photomask supplier globally as of 2009. Photronics is a member of the eBeam Initiative.
Revenue
$222.6M
Gross Profit
$82.3M
Operating Profit
$55.8M
Net Profit
$33.9M
Gross Margin
37.0%
Operating Margin
25.1%
Net Margin
15.2%
YoY Growth
-2.1%
EPS
$0.54
PHOTRONICS INC Q4 FY2024 Financial Summary
PHOTRONICS INC reported revenue of $222.6M (down 2.1% YoY) for Q4 FY2024, with a net profit of $33.9M (down 24.1% YoY) (15.2% margin). Cost of goods sold was $140.3M, operating expenses totaled $26.5M.
Key Financial Metrics
| Total Revenue | $222.6M |
|---|---|
| Net Profit | $33.9M |
| Gross Margin | 37.0% |
| Operating Margin | 25.1% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
PHOTRONICS INC Q4 FY2024 revenue of $222.6M breaks down across 5 segments, led by Other at $115.7M (52.0% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $115.7M | 52.0% |
| High End Flat Panel Displays | $48.4M | 21.7% |
| KR | $40.0M | 18.0% |
| Mainstream Flat Panel Displays | $10.5M | 4.7% |
| Transferred At Point In Time | $8.0M | 3.6% |
PHOTRONICS INC Revenue by Segment — Quarterly Trend
PHOTRONICS INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and High End Flat Panel Displays) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Other | $42.1M | $48.2M | $46.6M | $115.7M |
| High End Flat Panel Displays | $53.5M | $43.6M | $49.7M | $48.4M |
| KR | $43.7M | $37.6M | $40.2M | $40.0M |
| Mainstream Flat Panel Displays | $9.1M | $11.5M | $8.5M | $10.5M |
| Transferred At Point In Time | $8.4M | $10.8M | $7.1M | $8.0M |
PHOTRONICS INC Annual Revenue by Year
PHOTRONICS INC annual revenue history includes year-by-year totals (for example, 2024 revenue was $866.9M).
| Year | Annual Revenue |
|---|---|
| 2024 | $866.9M |
| 2023 | $892.1M |
PHOTRONICS INC Quarterly Revenue & Net Profit History
PHOTRONICS INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $210.4M | -5.5% | $22.9M | 10.9% |
| Q2 FY2025 | $211.0M | +0.0% | $8.9M | 4.2% |
| Q1 FY2025 | $212.1M | -1.9% | $42.9M | 20.2% |
| Q4 FY2024 | $222.6M | -2.1% | $33.9M | 15.2% |
| Q3 FY2024 | $211.0M | -5.9% | $34.4M | 16.3% |
| Q2 FY2024 | $217.0M | -5.4% | $36.3M | 16.7% |
| Q1 FY2024 | $216.3M | +2.5% | $26.2M | 12.1% |
| Q4 FY2023 | $227.5M | — | $44.6M | 19.6% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $227.5M | $216.3M | $217.0M | $211.0M | $222.6M | $212.1M | $211.0M | $210.4M |
| YoY Growth | N/A | 2.5% | -5.4% | -5.9% | -2.1% | -1.9% | 0.0% | -5.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.53B | $1.58B | $1.60B | $1.65B | $1.71B | $1.70B | $1.70B | $1.75B |
| Liabilities | $250.6M | $235.8M | $235.4M | $231.7M | $231.3M | $210.5M | $206.3M | $214.8M |
| Equity | $975.0M | $1.02B | $1.03B | $1.07B | $1.12B | $1.13B | $1.10B | $1.13B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $106.6M | $41.5M | $76.5M | $75.1M | $68.4M | $78.5M | $31.5M | $50.1M |